Laws of the People's Republic of China

Letter of the China Banking Regulatory Commission on Approving the Banco de Chile to Set up Beijing Representative Office

Banco de Chile,

The letter signed by board chairman Mr. Femando Canas addressed to this Commission on December 15, 2005 has been received.

According to the Measures for the Administration on Representative Offices in China of Foreign-funded Financial Institutions (Decree No. 8, 2002 of the People's Bank of China, hereinafter referred to as these Measures), you are hereby approved to establish a representative office in Beijing, whose Chinese name is "智利银行股份有限公司北京代表处" and English name "Banco de Chile Beijing Representative Office".

In accordance with the related provisions of these Measures, Maurice Epicum Diemer Ojeda is granted an approval to take the position of the chief representative of this Representative Office.

The China Banking Regulatory Commission

February 23, 2006